Nonperforming Loans definition

Nonperforming Loans means the sum of (a) nonaccrual loans and lease financing receivables, (b) loans and lease financing receivables that are contractually past due 90 days or more as to interest or principal and are still accruing interest and (c) loans for which the terms have been modified due to a deterioration in the financial position of the borrower (determined in accordance with, and as set forth on, Borrower’s FR Report Y-9C).

Nonperforming Loans has the meaning ascribed to such term in Section 7.4.

Nonperforming Loans means loans that are sixty (60) days or more past due, tagged as non-accrual, charged off, thirty (30) days or more past maturity, bankrupt, or foreclosed as of March 31, 2009.

Examples of Nonperforming Loans in a sentence

• The Borrower shall remain in full compliance with all prudential rules of the CBT, and in particular as regards to its Non-performing Loans ratio, Liquidity ratio, Solvability ratio and Provisioning ratio, all as defined in the Circulaire of the CBT No. 91-24 dated December 17, 1991 as modified by the Circulaire of the CBT No. 2001-04 dated February 16, 2001 and Circulaire of the CBT No. 2001-12 dated May 4, 2001.

• The Subsidiary Bank shall maintain, and Borrower shall cause the Subsidiary Bank to maintain, a ratio of the Allowances for Loan Losses to Nonperforming Loans (Allowance for Loan Losses divided by Nonperforming Loans) of not less than eighty percent (80%), measured as of the last day of each calendar quarter of the Subsidiary Bank commencing with the fiscal quarter ending December 31, 2012.

• The Borrower shall remain in full compliance with all prudential rules of the CBT, and in particular as regards to its Non-performing Loans ratio, Liquidity ratio, Solvability ratio and Provisioning ratio, all as defined in the Circulaire of the CBT No. 91-24 dated December 17, 1991, as modified by the Circulaire of the CBT No. 2001-04 dated February 16, 2001 and Circulaire of the CBT No. 2001-12 dated May 4, 2001.

More Definitions of Nonperforming Loans

Nonperforming Loans means the sum of all non-accrual loans and loans on which any payment is ninety (90) or more days past due but which continue to accrue interest, but excluding any troubled debt restructurings (so long as any such troubled debt restructurings continue to accrue interest), and “Allowance for Loan Losses” shall have the meaning given to that term in Section 7.3 above.

Nonperforming Loans shall have the meaning attributed thereto in Section 8.4(d).

Nonperforming Loans means the sum of (i) those loans 90 days or more past due (either principal or interest) and (ii) those loans classified as “non-accrual” or “renegotiated” as reported in the most recent call reports of the Subsidiary Bank.

Nonperforming Loans means the sum of all non-accrual loans, restructured loans and loans on which any payment is 90 or more days past due but which continue to accrue interest, and “Allowance for Loan Losses” shall mean the amount of such balance sheet account of Subsidiary Bank which, in all cases, shall be derived from the quarterly reports filed with the applicable primary federal regulator and shall be consistent with the financial information and reports contemplated in Section 6 hereof

Nonperforming Loans means the sum of (a) nonaccrual loans and lease financing receivables (as determined by reference to the line item “loans accounted for on a non-accrual basis” under “Selected Financial Data” (Non-performing assets) in the Borrower’s most recent Form 10-Q or 10-K, as applicable) and (b) loans and lease financing receivables that are contractually past due 90 days or more as to interest or principal and are still accruing interest (as determined by reference to the line item “loans 90 days past due still accruing” under “Selected Financial Data” (Non-performing assets) in the Borrower’s most recent Form 10-Q or 10-K, as applicable).

Nonperforming Loans means the sum of those loans 90 days or more past due and those loans classified as "non-accrual" or "renegotiated" as reported in the most recent call reports of the Subsidiary Bank.

Nonperforming Loans means a Third Party Loan which the Company has accelerated the maturity thereof or with respect to which the borrower is more than 90 days past due on a payment of principal or interest. Unless otherwise agreed to by the Majority Lenders and notice thereof, in the form of Exhibit I attached hereto, has been sent to the Company, a Third Party Loan which becomes a Nonperforming Loan shall continue as a Nonperforming Loan even if the borrower subsequently cures the payment default.